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FactCheck: does Australia run one of the more student that is generous schemes on the planet?

Senior Associate within the degree system, Grattan Institute

Adjunct professor, RMIT University

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Australia operates probably one of the most ample education loan schemes on earth. – Minister for Education and Training Simon Birmingham, talking to Sarah Dingle on ABC broadcast National Breakfast, 4, 2016 january.

When expected for information to aid the assertion, a representative for the Department of Education and Training stated that

In comparison to other education loan schemes, the income-contingent nature of both Higher Education Loan Programme (HELP) loans Trade help Loans (TSL) protects low income earners from making loan repayments they might never be in a position to manage. Australia’s education loan schemes enable deferment of payment responsibilities in cases of extreme pecuniary hardship… throughout the lifetime of the mortgage Australian pupils pay no interest rate that is real.